Business

Egyptian stock market up 1.57%

Egyptian stock market up 1.57%

The Egyptian Stock Exchange rose notably on Sunday, with foreign investors tending to buy amid a wave of selling by…
Iron factories export to Arab countries to counter recession

Iron factories export to Arab countries to counter recession

Local factories and companies have begun exporting iron to Arab countries, primarily Libya and Sudan, after a three-year halt.Beshay Steel…
Commercial syndicate to protest insufficient resources

Commercial syndicate to protest insufficient resources

The ٍSyndicate of Commercial Professions in Egypt called upon its members yesterday to take part in a nation-wide protest on…
World Bank grants Egypt $220 million for wind energy

World Bank grants Egypt $220 million for wind energy

The World Bank has offered Egypt a US$220 million loan to support a wind energy development project. The Clean Technology…
Investment minister objects to energy subsidies

Investment minister objects to energy subsidies

Investment Minister Mahmoud Mohieddin said on Thursday that he is against subsidizing energy."The rich consume more energy, and they should…
EGX30 up 1%

EGX30 up 1%

Egypt's main index, EGX30, rose by 1 percent after intensive buying by local and Arab investors, while foreigners largely sold…
Energy pricing scheme dogged by dispute

Energy pricing scheme dogged by dispute

A dispute is raging between government officials over how best to implement the planned second stage of energy price increases…
Cabinet approves new real estate finance law

Cabinet approves new real estate finance law

Egypt's Minister of Investment Mahmoud Mohie Eddin announced the cabinet's approval of a new bill on real estate finance to…
Committee to decide energy price hikes for industrial sector

Committee to decide energy price hikes for industrial sector

The industrial energy pricing committee is scheduled to meet Tuesday to decide whether or not a second phase of energy…
Foreign investment falls in 2009/10: Ministry

Foreign investment falls in 2009/10: Ministry

New statistics issued by the Investment Ministry reveal a substantial decline in foreign investment in Egypt for the first three…
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